A run of seven increases in eight days totaling 3.5 cents that boosted the average price of a gallon of self-serve regular gasoline in Los Angeles County to its highest amount since June 2 ended Tuesday with a decrease of 1.1 cents to $4.73.
The average price rose five consecutive days, was unchanged Saturday and resumed increasing Sunday, according to figures from the AAA and Oil Price Information Service.
The average price is 1.1 cents more than one week ago, 17.8 cents higher than one month ago and 14.9 cents greater than one year ago. It has dropped $1.763 since rising to a record $6.493 on Oct. 5, 2022.
The Orange County average price dropped for the fifth time in six days, decreasing three-tenths of a cent to $4.703. It has dropped 1.3 cents over the past six days, including one-tenth of a cent Monday. The decreases follow a run of 27 increases in 28 days totaling 27.4 cents that boosted the Orange County average price to its highest amount since May 24.
The Orange County average price is eight-tenths of a cent less than one week ago, 16.9 cents more than one month ago and 19.6 cents higher than one year ago. It has dropped $1.755 since rising to a record $6.458 on Oct. 5, 2022.
The national average price resumed dropping, decreasing 1.3 cents to $3.171, one day after a three-day streak of decreases totaling 2 cents ended with an increase of one-tenth of a cent. It is 1.5 cents less than one week ago and 2.6 cents lower than one year ago but 2.2 cents more than one month ago, but 2.4 cents less than one year ago.
The national average price has dropped $1.845 since rising to a record $5.016 on June 14, 2022.
“The national average saw a slight increase last week, primarily driven by states that experienced price cycling just ahead of the switch back to winter gasoline,” Patrick De Haan, head of petroleum analysis at GasBuddy, which provides real-time gas price information from more than 150,000 stations, said in a statement released Monday.
“Florida, Ohio, Michigan, and Maryland — all states known for routine price cycling — saw double-digit jumps to average gas prices. Now that much of the nation has begun the transition to cheaper winter gasoline, and with driving demand seasonally tapering off as temperatures dip, gas prices face additional downward pressure.
“We’re still on track to potentially see the national average fall below $3 per gallon for the first time in years this autumn.”